Filing Flows › Halliburton (HAL) › Q4 2025
Halliburton (HAL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 6, 2026
Halliburton (HAL) reported revenue of $5.7B for the fourth quarter 2025 (Q4 2025), +0.8% from a year earlier and +1% from the quarter before. Operating margin was 13.2%, net earnings $589M (10.4% of revenue).
Halliburton, Q4 2025: revenue $5.7B (+0.8% year over year), operating margin 13.2%, net earnings $589M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.7B | +1% | +0.8% |
| Operating profit | $746M | +110% | -20% |
| Net earnings | $589M | 29× | -4% |
| Operating cash flow | $1.2B | +139% | -20% |
| Free cash flow | $828M | +265% | -20% |
What changed
Revenue was $5.7B in Q4 2025, up 1% year over year and up 1% from the previous quarter. Services was the largest line at 70% of revenue.
Operating profit was $0.75B, a 13.2% margin (down 3.4 points year over year). Operating profit fell $0.19B even though revenue rose $0.05B versus a year earlier, so costs grew faster than sales. Total costs grew 5% against revenue growth of 1%. Net earnings were $0.59B, down 4% year over year. The effective tax rate was 7.2%.
Operating cash flow was $1.2B (down 20% year over year), 198% of net earnings. Non-cash charges added back $0.29B of depreciation and amortization. Working capital and other items added $0.29B. Capital expenditures of $0.34B left free cash flow of $0.83B.
Questions
What was Halliburton's revenue in the fourth quarter 2025?
Halliburton (HAL) reported revenue of $5.7B for the fourth quarter 2025 (Q4 2025), +0.8% from a year earlier and +1% from the quarter before.
Was Halliburton profitable in the fourth quarter 2025?
Operating profit was $746M (13.2% of revenue) and net earnings $589M.
Source: Halliburton 10-K on SEC EDGAR.